Nigeria’s Minister of State for Finance, Taiwo Oyedele, has acknowledged that there are inaccuracies within the country’s newly implemented tax reform laws.
He assured stakeholders that corrective actions are currently being implemented to tackle the identified issues. Oyedele communicated this information during his recent remarks at the 2026 Annual Conference of the Nigerian Bar Association (NBA).
In a Friday statement, the Presidential Fiscal and Tax Reforms Committee acknowledged that discrepancies arose during the legislative process due to procedural shortcomings. Oyedele encouraged stakeholders to remain patient as the legislative investigation into the purported inconsistencies unfolds.
Oyedele acknowledged, “The errors arose from manual processes and extensive review stages” in the drafting and legislative process.
He emphasized that these issues would be rectified via a proposed finance bill designed to implement necessary corrections.
“Our objective is to establish a more transparent and reliable legislative framework where every draft of a law is accessible to the public,” he stated.
Oyedele emphasized that the implementation of the tax reforms will be conducted with a commitment to transparency, fairness, and clear objectives, rather than arbitrary measures.”Unpredictable policy changes undermine investor confidence.
Maintaining consistency is essential,” he stated.
It’s noteworthy that on December 17, 2025, Abdussamad Dasuki, a representative from Sokoto State, raised concerns that the circulating versions of tax laws did not align with the legislation approved by lawmakers. This revelation led to confusion and prompted the national assembly to establish a committee to resolve the discrepancies.
According to DAILY POST, the new tax laws officially went into effect on January 1, 2026, following the signing of the tax bills on June 26, 2025.
Discover more from Headline Hub
Subscribe to get the latest posts sent to your email.
